Duke Street merges EduServices with IPAC

Duke Street invested in EduServices - formed by the acquisition and merger of La Compagnie de Formation-Chézy and Forteam - in July last year. The merger with IPAC forms part of Duke Street's and EduServices's strategy to become a leading player and consolidator in the highly fragmented private post-secondary education (PPSE) market in France.

According to Duke Street, the French PPSE sector is a €2bn market with attractive growth characteristics. Its fragmented nature presents EduServices with several other acquisition opportunities.

Founded in 1984, IPAC annually enrolls around 1,500 French students into full-time study and 1,600 foreign students into part-time study, with an overall yearly budget of €10m. Based in Annecy, IPAC recently opened two branches in the Savoie region. In 2006, the company established a branch in Geneva, which has attracted nearly 200 students.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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• Topics
• France
• Expansion
• Consumer
• France
• Duke Street Capital
• Acquisition finance